Suppose That the Average Amount of Sugar a Person Eats

question 8

Multiple Choice

Suppose that the average amount of sugar a person eats per year is 7 kg with a standard deviation of 1.5 kg.How many standard deviations from the mean is the consumption of 11 kg of sugar?

• A)About 1.33 standard deviations above the mean
• B)About 1.33 standard deviations below the mean
• C)About 4.67 standard deviations above the mean
• D)About 2.67 standard deviations above the mean
• E)About 2.67 standard deviations below the mean

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Definitions:

Mutual Fund

An institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds.

Trade Deficit

A condition in which the value of a nation's imports surpasses the value of its exports, resulting in a trade deficit.

Foreign Assets

Investments, properties, or other financial assets located in countries other than where the investor resides.

Net Capital Outflow

The difference between the domestic country's investments abroad and foreign investments in the domestic country over a specific period, representing the flow of capital across borders.